Home / Tag Archives: Tencent Holdings Ltd

Tag Archives: Tencent Holdings Ltd

An internet split between China and USA

“It’s (China) arguably ahead of U.S. in some areas behind in others, maybe neck and neck. But at the current trajectory, China will probably be ahead of U.S. in five years,” Lee said. “China has more data, more users, more usage per data. And there’s very pro-AI government policies. So …

Read More »

Go-Jek says it has closed the first round of Series F fundraising

Dimas Ardian | Bloomberg | Getty Images A Go-Jek motorcycle taxi driver travels through traffic in Jakarta, Indonesia, on Saturday, Aug. 4, 2018. Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts. Go-Jek’s release did not disclose the amount of …

Read More »

US-China trade negotiations, currencies in focus

Major stock indexes in Asia closed higher on Friday despite fresh overnight uncertainties surrounding the ongoing U.S.-China trade negotiations. The mainland Chinese markets, watched in relation to Beijing’s trade fight with Washington, mostly advanced: The Shanghai composite gained around 0.39 percent to close at about 2,601.72. The Shenzhen component rose …

Read More »

US-listed Chinese stocks fall after Alibaba disappoints

Shares of major Chinese tech companies fell in New York trading after tech conglomerate Alibaba reported adjusted quarterly earnings that missed expectations. The company also warned in an earnings call that profit growth may slow in the near term due to investments in new businesses and consolidation of its Ele.me …

Read More »

China is now the world’s second-highest spender on TV shows after US

As is the case for Netflix, Amazon and Hulu, original shows are important to Chinese streaming sites, with such content making up 49 percent of all Chinese programs in 2017. Producing content not available elsewhere encourages people to sign up and provides other commercial opportunities, according to IHS Markit Senior …

Read More »

Tencent falls after earnings disappoint, but pain could be short term

Giulia March | Bloomberg | Getty Images A flag bearing the Tencent logo is displayed alongside a Chinese flag outside the company’s offices in Beijing, China. Tencent’s stock was in focus after the company posted a quarterly earnings report on Wednesday that missed analyst expectations. Thursday morning trade saw the Chinese …

Read More »

JD.com, Walmart invest $500 million in Chinese company Dada JD Daojia

A Chinese online grocery delivery company Dada-JD Daojia said on Thursday it has raised $500 million from U.S. retailer Walmart and JD.com in its latest round of financing. Dada-JD Daojia was formed from the merger of JD Daojia, which is JD.com’s online-to-offline business, and Dada Nexus, a large crowd-sourcing delivery …

Read More »

Alibaba said to be planning to merge China food delivery units

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters. The Alibaba units to be merged include food delivery platform Ele.me and food and lifestyle …

Read More »